Mondrian Investment Partners LTD Cuts Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Mondrian Investment Partners LTD lowered its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 2.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,346,453 shares of the oil and gas exploration company’s stock after selling 267,939 shares during the period. Petróleo Brasileiro S.A. – Petrobras accounts for about 2.3% of Mondrian Investment Partners LTD’s holdings, making the stock its 15th largest holding. Mondrian Investment Partners LTD owned 0.14% of Petróleo Brasileiro S.A. – Petrobras worth $132,813,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PBR. Ethos Financial Group LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at $25,000. Tandem Financial LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at $39,000. Whipplewood Advisors LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at $40,000. Ameliora Wealth Management Ltd. purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at $51,000. Finally, Sunbelt Securities Inc. boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 497.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock valued at $87,000 after purchasing an additional 5,000 shares during the last quarter.

Wall Street Analyst Weigh In

PBR has been the topic of several recent analyst reports. Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. StockNews.com downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras has a consensus rating of “Moderate Buy” and an average price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

PBR stock opened at $12.72 on Friday. The company has a market cap of $81.96 billion, a P/E ratio of 4.97, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.45 and a 1 year high of $17.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The stock’s fifty day moving average price is $13.72 and its 200-day moving average price is $14.02.

Petróleo Brasileiro S.A. – Petrobras Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.